secwatch.observer — SEC 8-K summary
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Issuer:     Comstock Inc. (LODE)
CIK:        0001120970
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001120970-23-000002
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tonogold fails to exercise option; Comstock consolidates district, doubles gold, triples silver resources
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- Tonogold did not exercise its Option to purchase Comstock Mining LLC by Dec 31, 2022; Lucerne properties and processing facility revert to Comstock.
- Total owned resources now include M&I 605,000 oz gold and 5,880,000 oz silver, plus Inferred 297,000 oz gold and 2,572,000 oz silver.
- Dayton resource (Behre Dolbear S-K 1300) reports M&I 293,000 oz gold, 2,120,000 oz silver; Inferred 90,000 oz gold, 480,000 oz silver.
- Lucerne resource (Respec S-K 1300) reports Indicated 312,000 oz gold, 3,759,600 oz silver; Inferred 206,900 oz gold, 2,092,300 oz silver.
- Company now controls 12 sq miles of mining claims covering 6.5 miles of strike; plans phased drilling and engineering studies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120970/000112097023000002/0001120970-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120970/000112097023000002/lode-20221230.htm
  HTML page:      https://secwatch.observer/filing/0001120970-23-000002

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